The Woods III, Panama City, FL
The Woods III — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for The Woods III, Panama City, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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The Woods III Neighborhood Overview
Neighborhood Guide: The Woods III, Panama City, FL Your Guide to The Woods III, Panama City, FloridaWelcome to The Woods III
Nestled in the vibrant heart of Panama City, The Woods III offers a unique blend of serene, natural living with convenient access to urban amenities. This established neighborhood is characterized by its lush tree-lined streets, spacious lots, and a strong sense of community, making it a sought-after enclave for families, professionals, and retirees alike.
Residents enjoy the perfect Florida lifestyle, where the gentle Gulf breezes and sunshine are part of daily life. The neighborhood's location provides a peaceful retreat from the busier tourist areas while keeping you just minutes from world-famous beaches, exciting attractions, and the economic hubs of Bay County. It's a place where neighbors know each other and the pace of life feels just right.
Lifestyle & Amenities
Life in The Woods III revolves around outdoor enjoyment and community connection. The neighborhood itself is perfect for walking, cycling, and letting kids play. Nearby, you'll find a wealth of shopping and dining options along 23rd Street and on Panama City Beach, catering to every taste from fresh local seafood to international cuisine.
For recreation, you're a short drive from the sugar-white sands and emerald waters of Panama City Beach. Closer to home, residents have easy access to parks, golf courses, and the conservation areas that make this region so special. The Panama City Marina, Pier Park, and St. Andrews State Park offer endless opportunities for boating, fishing, shopping, and exploring the natural beauty of the Florida Gulf Coast.
Real Estate Market
The Woods III features a diverse mix of single-family homes, many showcasing classic Florida architecture with modern updates. The market here is attractive, with a median home value of approximately $232,400, offering significant value compared to many coastal communities. Homes often sit on generous lots, providing privacy and room for pools, gardens, and outdoor living spaces.
This affordability, combined with the area's desirable location, makes The Woods III a stable and promising real estate market. The neighborhood appeals to a wide range of buyers, from first-time homeowners to those looking for a spacious family home. With a median household income of $68,070, the community is economically healthy, supporting local businesses and maintaining property values.
Schools & Education
Families in The Woods III are served by the Bay County District Schools, known for their commitment to student achievement. The neighborhood is typically zoned for highly-regarded schools such as Hiland Park Elementary, Merritt Brown Middle School, and Rutherford High School, all of which offer a variety of academic programs, sports, and extracurricular activities.
For higher education and lifelong learning, the area is home to Gulf Coast State College, which provides associate and bachelor's degree programs, and offers numerous community enrichment courses. Additionally, the nearby Florida State University Panama City campus expands opportunities for advanced degrees, making the region a hub for educational growth from kindergarten through graduate school.
Transportation & Connectivity
Connectivity is a key advantage of The Woods III. Major arteries like US-231 and State Road 77 provide quick and easy routes to downtown Panama City, the beaches, and critical services like the Bay Medical Sacred Heart health facility. The Northwest Florida Beaches International Airport (ECP) is only about a 30-minute drive, offering convenient access to domestic and international travel.
For daily commuting and errands, everything you need is within a 10-15 minute drive. The neighborhood's central location in Panama City means minimal traffic hassles compared to larger metros, while still providing all the connectivity of a growing regional center. Public transportation options are available through Bay Town Trolley, and the area is also bike-friendly for shorter local trips.
Why Choose The Woods III
The Woods III presents a compelling package: an affordable, family-friendly neighborhood in one of Florida's most beloved coastal cities. It strikes a rare balance between the tranquility of suburban life and the excitement of a beachside destination. The strong community vibe, combined with the economic stability reflected in its median income, creates a welcoming and secure environment.
Choosing The Woods III means investing in a lifestyle where you can enjoy morning coffee on your porch, an afternoon on a world-class beach, and a fresh Gulf Coast dinner—all in the same day. It's more than just a place to live; it's a gateway to the authentic Florida Gulf Coast experience, with a solid foundation for your future. Discover why so many have decided to put down roots in this special Panama City neighborhood.
The Woods III Market Data
| Metric | Value |
|---|---|
| Median Home Price | $232K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $68K |
| Homeownership Rate | 62.9% |
| Renter-Occupied | 37.1% |
| Rental Vacancy Rate | 3.8% |
| Market Type | Seller's |
| Primary ZIP Code | 32405 |
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for The Woods III, Panama City, FL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Florida Department of Business & Professional Regulation (DBPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12